Word: telecoms
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...blood." The sums of money and risks are so great that they encourage extreme aggression, and if that means wiping out rivals - and a few investors - not even Trichet can change that. Long Distance Calling Talk about a coming-of-age story. More than 20 years after the U.S. telecom monopoly AT&T was forced to spin off its regional operators, Texas-based SBC Communications - one of the Baby Bells born of that breakup - last week agreed to buy AT&T for $16 billion. One possible reason: building international business. AT&T has pulled together a network of lucrative...
...swearing-in (about $3 million). Luckily, more than 100 corporations, lobbying groups and individuals have given $100,000 to $250,000 apiece to help pay the bills. For the cash, they get tickets to all the events--and, of course, access to some very powerful politicians. No wonder oil, telecom and banking companies are among the big donors...
...global, other countries are also attracting attention, most notably China. Of the more than 200 foreign companies with research facilities in China, a handful are doing substantive research. About a month before Microsoft made a splash with plans to expand its 170-person Beijing research center by 20%, France Telecom announced last June that it would open an R.-and-D. facility in Beijing. Cisco CEO John Chambers announced plans to hire 100 people for a new research center by early 2006. The push into China is driven by more than human resources. Like India, China has a large pool...
...global, other countries are also attracting attention, most notably China. Of the more than 200 foreign companies with research facilities in China, a handful are doing substantive research. About a month before Microsoft made a splash with plans to expand its 170-person Beijing research center by 20%, France Telecom announced last June that it would open an R&D facility in Beijing. Cisco CEO John Chambers announced plans to hire 100 people for a new research center by early 2006. The push into China is driven by more than human resources. Like India, China has a large pool...
...removes dollars from swelling national reserves, easing pressure on the renminbi to appreciate. China has given 22 of its cities and provinces the right to approve overseas investments of up to $200 million without consulting Beijing. Last month, the China Development Bank even issued a $10 billion loan to telecom-equipment maker Huawei to promote its international operations?a line of credit more than five times greater than the overseas investments of all Chinese companies last year...